9-55-17. Limitations on amount of assessments or taxes.
The total amount of special assessments or general business occupation taxes levied under this chapter may not exceed the total costs and expenses of the projects authorized in the resolution of intent for such district. The levy of any additional special assessment or occupation tax may not reduce or affect in any manner the assessments previously levied. The special assessments or occupation taxes levied shall be for the purposes specified in the resolution of intent for each district and the proceeds may not be used for any other purpose.
Source: SL 1986, ch 81, ยง17.
Structure South Dakota Codified Laws
Title 9 - Municipal Government
Chapter 55 - Business Improvement Districts
Section 9-55-1 - Definition of terms.
Section 9-55-2 - Imposition of special assessment or general business license and occupation tax.
Section 9-55-3 - Uses to which generated funds may be put.
Section 9-55-4 - Creation of business improvement district--Established business area.
Section 9-55-6 - Composition of board--Vacancies--Terms--Officers.
Section 9-55-8 - Notice of hearing.
Section 9-55-9 - Petition for hearing.
Section 9-55-11 - Procedure for change of boundaries.
Section 9-55-13 - Special assessment against real property located in district--Procedure.
Section 9-55-15 - Procedure for implementation of tax.
Section 9-55-17 - Limitations on amount of assessments or taxes.
Section 9-55-19 - Procedure for abolishment of district.
Section 9-55-20 - Disposition of proceeds of tax or assessment upon abolishment.
Section 9-55-21 - Use of donated funds or grants.
Section 9-55-22 - Dissolution of district imposing occupational tax on rooms rented.